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The Sri Lanka Interbank Payment System, commonly known as SLIPS, is a LKR-only online interbank payment and fund transfer system in Sri Lanka. [1] [2]SLIPS is owned by LankaClear, an organization owned by the Central Bank of Sri Lanka and all Licensed Commercial Banks operating in Sri Lanka, with 47.19% of shares held by the CBSL and State owned commercial banks, and 52.81% by other private banks.
With a market share of nearly 100%, it controlled all major functions of electricity generation, transmission, distribution and retailing in Sri Lanka. It was one of the only two on-grid electricity companies in the country; the other being Lanka Electricity Company (LECO).
LECO partnered with the University of Moratuwa to begin a microgrid pilot project in Sri Lanka with financial assistance from the Asian Development Bank.The aim of the project is to contribute to Sri Lanka's stated target of 70% of power generation through renewable sources by 2030. 32,411 rooftop solar units have already been installed in the country as of April 2021, with a total capacity of ...
The commission has recently been assigned the task of producing Sri Lanka's long-term power generation plan in the middle of power shortages and an impending energy crisis in the country- the Electricity Supply 2020 and Beyond report has been the subject of minor controversy, with unionized employees of the Ceylon Electricity Board in ...
The Ministry of Power and Energy [1] (Sinhala: විදුලිබල හා බලශක්ති අමාත්යාංශය; Tamil: மின்சக்தி மற்றும் வலுசக்தி அமைச்சு) is a cabinet ministry of the Government of Sri Lanka responsible for power and renewable energy. The ...
The Online Safety Bill, which passed with 108-62 votes, aims to “make provisions to prohibit online communication of certain statements of fact in Sri Lanka” and “prevent the use of online ...
Like all power stations in Sri Lanka, power generated by the power station are sold to the Ceylon Electricity Board under a 20-year take-or-pay power purchase agreement. The low-sulfur diesel is supplied through an existing pipeline by the Ceylon Petroleum Corporation , with 20,000 tons, or the equivalent of 28-days of full capacity operations ...
Sri Lanka is still reeling from its worst economic crisis, which hit the island nation two years ago. The country declared bankruptcy in 2022 with more than $83 billion in debt, more than half of ...